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Asian Energy News

 

Santos Faces New Delay on Barossa Gas Pipeline Due to Heritage Assessment

Jan 24, 2023

Santos Ltd faces a new delay in developing the Barossa gas project off northern Australia after a regulator ordered it to evaluate environmental risks to underwater indigenous cultural heritage before starting pipeline construction.The Jan. 13 notice, published on Tuesday by Australia's offshore regulator, comes on top of a court order in December which requires Santos to consult indigenous people on the Tiwi Islands for the project's drilling environmental plan…

Petronas and ExxonMobil to Pursue CCS Projects in Malaysia

Jan 27, 2023

Malaysian oil and gas company Petronas said Friday it had recently signed two agreements with U.S. major ExxonMobil to jointly pursue Carbon Capture and Storage (CCS) projects in Malaysia.Petronas and ExxonMobil have committed to defining the next steps…

T7 Global Wins Offshore Decom and Headhunting Jobs from Hibiscus, PTTEP

Jan 25, 2023

Malaysian energy industry services provider, T7 Global said Wednesday it had secured two letters of award worth a combined value of approximately RM100 million (currently around $23,47 million). The letters of award were secured by the company's…

Taiwan: Taiya Renewable Energy to Join Floating Wind Demonstration and 3-2 Zonal Development in 2023

Jan 19, 2023

Taiya Renewable Energy (TRE), an offshore wind power developer in Taiwan, said Thursday it would bid for the second phase of wind power zonal development and floating demonstration project in 2023.Taiya has invited local and foreign investors…

IEA's Birol Expects Tighter Energy Markets in 2023

Jan 19, 2023

International Energy Agency (IEA) head Fatih Birol said on Thursday that energy markets could be tighter in 2023, adding he hoped prices would not rise further in order to ease the pressure on energy-importing developing countries.'I wouldn't be too relaxed about the markets…

Samsung Heavy, MISC to Build Floating CO2 Storage Units

Jan 19, 2023

South Korea's Samsung Heavy Industries said Wednesday it had signed a memorandum of understanding with Malaysia's MISC to jointly develop floating CO2 storage units.The Floating CO2 Storage Unit (FCSU) is a new concept of offshore unit that…

Wintershall Dea Exits Russia

Jan 18, 2023

BASF will take a 7.3 billion euro ($7.9 billion) writedown as its Wintershall Dea energy business pulls out of Russia, the German chemicals giant said, triggering a net loss for 2022 and sending its shares lower. Wintershall Dea has deep ties to Russia…

Indonesia's 2022 Oil, Gas Lifting Below Target, but Investment Rising

Jan 18, 2023

Indonesia's oil and gas lifting last year came in below target due to unplanned shutdowns and maturing blocks, but exploration and production investment is poised to take off, the country's upstream regulator SKK Migas said on Wednesday.Indonesia's crude oil lifting stood at 612…

Pertamina Still Discussing Plan to Take Over Shell's Abadi LNG Stake

Jan 17, 2023

Indonesian state energy firm Pertamina is still discussing its plans to participate in the Abadi liquefied natural gas (LNG) project with the country's upstream oil and gas regulator, officials said on Tuesday. Indonesia has been seeking an…

Indonesia Dispatches Warship to Monitor Chinese Coast Guard Vessel Near Offshore Fields

Jan 16, 2023

Indonesia has deployed a warship to its North Natuna Sea to monitor a Chinese coast guard vessel that has been active in a resource-rich maritime area, the country's naval chief said on Saturday of an area that both countries claim as their own…

Sri Lanka to Open 900 Offshore Blocks for Oil and Gas Exploration

Jan 12, 2023

Sri Lanka is preparing to issue two-year oil and gas exploration licenses for as many as 900 offshore blocks for foreign firms to scout for energy resources and bring in vital investments to the crisis-hit country, a top official told Reuters on Thursday…

Japan's Inpex to Ramp up LNG Output, Sales, CEO Says

Jan 12, 2023

Inpex Corp, Japan's biggest oil and natural gas explorer, aims to accelerate its expansion of production and sales of liquefied natural gas (LNG) on the premise that LNG market will remain tight in the mid-term, its CEO said on Thursday. 'Global…

Guyana Eyes Offshore Oil, Gas Blocks Award to Indian Companies in Gov't Deals

Jan 12, 2023

Guyana is looking at awarding oil and gas exploration blocks to Indian companies as part of a broader hydrocarbon cooperation it is negotiating with India, the South American nation's president said on Thursday.Guyana, home to one of the largest oil discoveries in the last decade…

UAE Names ADNOC Chief Jaber as COP28 Climate Conference President

Jan 12, 2023

The United Arab Emirates said on Thursday that Sultan al-Jaber, the head of state oil giant ADNOC, would act as president of the COP28 climate conference it is hosting this year. Jaber, also UAE's minister of industry and technology and its climate envoy…

China's CNOOC Eyes Record Oil, Gas Production for 2023

Jan 11, 2023

China's CNOOC Ltd has set its 2023 production target at a record 650 million to 660 million barrels of oil equivalent (boe), about 8% above last year's goal.  The state-controlled offshore oil and gas company produced about 620 million boe last year…

Current News

Petronas and ExxonMobil to Pursue CCS Projects in Malaysia

Petronas and ExxonMobil to Pursue CCS Projects in Malaysia

T7 Global Wins Offshore Decom and Headhunting Jobs from Hibiscus, PTTEP

T7 Global Wins Offshore Decom and Headhunting Jobs from Hibiscus, PTTEP

Santos Faces New Delay on Barossa Gas Pipeline Due to Heritage Assessment

Santos Faces New Delay on Barossa Gas Pipeline Due to Heritage Assessment

Taiwan: Taiya Renewable Energy to Join Floating Wind Demonstration and 3-2 Zonal Development in 2023

Taiwan: Taiya Renewable Energy to Join Floating Wind Demonstration and 3-2 Zonal Development in 2023

IEA's Birol Expects Tighter Energy Markets in 2023

IEA's Birol Expects Tighter Energy Markets in 2023

Samsung Heavy, MISC to Build Floating CO2 Storage Units

Samsung Heavy, MISC to Build Floating CO2 Storage Units

Wintershall Dea Exits Russia

Wintershall Dea Exits Russia
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